Career Resources

Should Singapore Adopt a Bike-Sharing System?

By Desiree Yang

If you ever find yourself strolling along the bustling streets of New York City (NYC), you are likely to stumble across at least one of the hundreds of Citi Bike docking stations located all over the city. Since its launch in May 2013, NYC’s very own bike-sharing system, Citi Bike, has become tremendously popular among New Yorkers who are able to whizz around the city on a shiny blue bicycle for just US$95 a year, US$25 for a seven-day access pass or US$9.95 for a 24-hour access pass.

Bike-sharing systems – where bicycles are available for shared use on a short-term basis – have spread around the globe, with more than 600 cities in the world now having similar systems. On our very own sunny shores, the Land Transport Authority (LTA) has plans to roll out a bike-sharing trial in areas with cycling path networks at the end of next year, and is currently calling for industry players to submit proposals for it via a request-for-information (RFI) exercise. (Read More Here!)

CPF Investment Crash Course

By Desiree Yang

AsiaOne Business reported in April this year that Singaporeans need to have at least seven digits in savings if they wish to retire at the age of 62. If this sounds shocking, that’s probably because it is. (Read More Here!)

Multi-Generational Worforces

By Desiree Yang

Singapore was dubbed ‘a wealthy nation that can’t afford to retire’ in an article published by CNBC in February last year, with factors such as the high cost of living and increased life expectancy being cited as reasons why many individuals continue working past the statutory minimum retirement age of 62 years.

To add on, the Singapore Government has promised to increase its efforts to support citizens who wish to continue working past their retirement age. The Retirement and Re-Employment Act (RRA) was amended to require employers to offer re-employment to eligible employees who turn 62, up to age 65. In addition, other efforts have been put in place to support citizens who want to work longer – the construction of the Devan Nair Institute, a seven-storey complex located in Jurong East, will provide a wide range of sectorial and generic skills-training opportunities. (Read More Here!)

Why You Should Be Able to Discuss Your Pay Openly

By Desiree Yang

The discussion of salaries among employees has always been viewed as a huge workplace taboo. It is a highly sensitive topic, with the potential to lead to ill will and feelings of resentment. However, the silence surrounding employee pay is to the detriment of employees – for instance, it enables inequitable pay between different genders or ethnicities to persist. (Read More Here!)

Old is Gold - Traditional Networking vs LinkedIn

By Desiree Yang

Employees are the cogs and wheels in a company’s growth engine, and the right employees in the right position will keep this engine chugging along merrily. It is no wonder that it is a top priority at many companies to actively source for and recruit talent, especially for leadership positions in the organisation. (Read More Here!)

How Emotionally Intelligent Are You?

By Desiree Yang

Imagine overhearing some water cooler talk about someone in the office whom your colleagues’ feel is bossy and an unwelcome busybody. You ask around out of curiosity but no one seems willing to divulge the identity of this person, and appear uneasy when you probe further. Then it dawns on you – they’re talking about you. You’ve never thought of yourself as someone who’s nosy or bossy and knowing that you’re the talk of the town because of your unwitting actions leaves you at a loss as to what to do. (Read More Here!)

Q&A: Should My Business Start Accepting Bitcoin?

Question: I’ve been hearing a lot about how Bitcoin is the next step in digital wallets and currencies. Should my business adopt Bitcoin?

Answer: Bitcoin is an open-source, peer-to-peer digital currency – a synthetic currency that can be stored in a digital wallet on consumers’ mobile phones or computers. It is prone to wild, speculative swings, where a single Bitcoin rose from a low of US$20 to a high of more than US$230 from February to April this year, making it a potentially lucrative investment for businesses who opt to get on board. (Read More Here!)

Crowdfunding: How Running a Business is like Running for President

By Desiree Yang

Technology has eradicated the need for businesses to rely on operating at physical stores, which more often than not require a large amount of manpower. These same advancements have also made available a wider range of funding opportunities, and people are no longer limited to loans from banks, family, friends or investors.

Enter crowdfunding, a new method of funding that allows people to fund business ideas or products from community contributions. It is essentially the funding of a venture with money raised by appealing to a ‘crowd’ via platforms like Indiegogo and Kickstarter. Crowdfunding opens up endless possibilities for startups, and even a project as banal as making potato salad can garner an outpouring of support. Zack “Danger” Brown’s potato salad Kickstarter campaign drew a grand total of US$55,492 in funding – far surpassing his goal of US$10.

Trying to get your business started through crowdfunding is a lot like running for president in the US, and here’s why. (Read More Here!)

Q&A: How Important is My Business' Name to its Success?

Question: I’m in the process of setting up my own business and am trying to come up with a good name. I am unsure how far the name will end up defining my business. How important is my business’ name to its success?

Answer: “What’s in a name? That which we call a rose/ By any other name would smell as sweet,” muses Juliet, one half of the famed pair of star-crossed lovers. That’s all very well in the world of Shakespearean verse and poetry, but in a fiercely competitive climate permeated by aggressive marketing and branding, can a business really afford to pay no heed to its name and brand? (Read More Here!)

Why Companies Should Have Family-Friendly Workplaces

By Desiree Yang

The total fertility rate in Singapore has been on the decline for many years now and as of last year, it stood at 1.19. While the government has made efforts to boost birth rates by rolling out policies like the Marriage and Parenthood Package, Singaporeans have remarked that the package still does not adequately address their concerns and struggles (e.g. having difficulty balancing work and family commitments), even with the enhancements that were introduced in 2013.

The solution then just might lie with addressing the root of their concerns – the workplace. A company’s employees are its greatest asset, and an office of motivated, satisfied and focused employees is a successful and productive one. However, employees often have a lot more on their minds than just hitting their key performance indicators (KPI) for the quarter, especially so for those who are parents or caregivers. (Read More Here!)